As seasoned crypto enthusiasts and industry experts, we’ve thoroughly examined the cryptocurrency exchange landscape in Spain to bring you the top five platforms for buying, selling, and trading digital assets. Our in-depth analysis takes into account crucial factors such as fees, security measures, user experience, and regulatory compliance to help you make an informed decision when selecting the best crypto exchanges in Spain for your needs.
Summary of 5 Best Crypto Exchanges in Spain
In Spain, experts advise opting for exchanges regulated by the Bank of Spain for purchasing and trading Bitcoin and other cryptocurrencies. By utilizing bank transfers, UPI transactions, or credit cards to deposit Euros, individuals can legally buy, stake, and trade digital assets.
For novices embarking on their crypto ventures in Spain, we’ve assessed the top 5 trading platforms prevalent in the region:
- Binance – Best Overall Crypto Exchange in Spain
- Kraken – Best for Security Measures
- KuCoin – Ideal for Newbies [Easiest to Use]
- Coinbase – Top Choice for Institutional Investors
- Bybit – The Cheapest Exchange
To help you compare the top crypto exchanges in Spain at a glance, we’ve created this handy comparison table:
| Exchange | Trading Fees | # of Cryptos | Key Features |
| Binance | 0.1% | 500+ | Approved by Bank of Spain, low fees, P2P |
| Kraken | 0.25% maker, 0.4% taker | 200+ | Strong security, regulatory compliance |
| KuCoin | 0.1% | 700+ | Wide altcoin selection, beginner-friendly |
| Coinbase | Varies | 240+ | Institutional features, Web3 wallet, card |
| Bybit | 0.1% spot, 0.02% futures | 1,100+ | Low fees, margin & leverage, copy trading |
Binance Overview
Rated as the premier crypto exchange in Spain, Binance is known for its wide selection of 500+ cryptocurrencies, low trading fees starting at 0.1%, and approval from the Bank of Spain. It offers diverse trading avenues like spot, futures, and P2P markets.
Key Metrics
- Daily trading volume: $76 billion+
- 0.1% spot trading fees
- Free deposits, low withdrawal fees
- BNB token for 25% trading fee discount
- Supports 50+ fiat currencies including EUR
- Advanced charting and order types
- Binance Earn staking & lending products
- Binance Card for spending crypto
- Insurance fund for extra asset protection
- Binance Academy & Research educational content
Why we like it
Binance tops our list as the best overall crypto exchange in Spain thanks to its massive coin selection, competitive fees, regulatory compliance, and extensive suite of trading and earning features for both beginners and advanced users. The Binance ecosystem and native BNB token add extra utility.
Kraken Overview
Emerging as a security-focused crypto trading platform, Kraken is known for its strong regulatory compliance, having obtained approval to operate from the Bank of Spain. It supports 200+ cryptocurrencies and 7 fiat currencies including EUR.
Key Metrics
- Daily trading volume: $2 billion+
- 0.25% maker & 0.4% taker spot fees
- Fee discounts for higher volume traders
- Offers margin, futures, staking, OTC desk
- Advanced Kraken Pro trading app
- 95% of assets held offline in cold storage
- Proof-of-reserves auditing
- 24/7 live chat & email support
- Cryptowatch trading terminal
- Kraken Learn educational resources
Why we like it
Kraken shines for its emphasis on security and regulatory compliance, making it a trusted choice for Spain crypto traders. While not the cheapest, its advanced trading features, support, and educational content make it well-suited for more experienced users.
KuCoin Overview
KuCoin has built a name for itself as an altcoin haven, supporting 700+ cryptocurrencies. Its beginner-friendly interface combined with a wide array of features make it ideal for newbies entering the crypto space in Spain.
Key Metrics
- Daily trading volume: $3 billion+
- 0.1% spot trading fees
- 20+ fiat currencies supported
- Margin, futures, P2P, lending, staking products
- KCS native token for discounted fees
- Trading bot for automated strategies
- Futures brawl gamified trading competitions
- KuCoin earn products up to 100% APY
- KCC decentralized blockchain
Why we like it
KuCoin offers an impressive selection of altcoins and a beginner-friendly interface that still packs in plenty of features for more advanced traders. The low fees, multiple earning products, and KCS ecosystem make it a strong contender.
Coinbase Overview
Coinbase has positioned itself as an industry leader serving both individual and institutional clients, with robust trading tools, custody solutions, and a user-friendly interface for buying and selling 240+ cryptocurrencies.
Key Metrics
- Daily trading volume: $3 billion+
- Trading fees vary by order size & market conditions
- 100+ countries & 100M+ verified users
- Supports 10+ fiat currencies including EUR
- FDIC insurance on USD balances up to $250k
- Institutional-grade offline storage
- Crime insurance against theft & hacking
- Coinbase Earn rewards for learning about crypto
- Coinbase Card for spending crypto
- Advanced trading interface & APIs
Why we like it
Coinbase offers a simple onboarding experience for newcomers while providing institutional-grade features, security and compliance that high-net-worth and corporate clients require. Unique offerings like a Web3 wallet, Visa card, and learning rewards add to the platform’s appeal.
Bybit Overview
Bybit has grown rapidly to become a top derivatives exchange known for its 100x leverage offerings and copy trading. It now boasts 10 million+ users worldwide and support for 1,100 cryptocurrencies.
Key Metrics
- Daily derivatives volume: $10 billion+
- Spot fees 0.1% maker/taker
- Derivatives fees 0.02% maker, 0.055% taker
- Supports 50+ spot & derivatives pairs
- 100x leverage on futures & perpetual swaps
- Copy trading to mirror top strategies
- Subaccounts with customizable permissions
- Unified margin account & asset management
- 24/7 multilingual support & live chat
- APIs for algorithmic trading bots
Why we like it
Bybit offers some of the lowest fees and highest leverage in the industry, making it ideal for derivatives traders. The copy trading system allows newbies to automate strategies based on successful traders. A growing spot market, subaccounts, and 24/7 support enhance the offering.
Read these related articles:
- Best Crypto Exchanges in Thailand
- Best Crypto Exchanges in South Africa
- Best Crypto Exchanges in Luxembourg
How to Purchase Cryptocurrencies in Spain
For beginners aiming to invest in digital currencies within Spain, adhere to this detailed, step-by-step guide for lawful and secure transactions:
- Select a reliable exchange: Choose a platform that is approved by Spain’s regulatory authorities, as highlighted in our guide.
- Registration: Use your email for registration, establish a strong password, and complete any necessary KYC (Know Your Customer) procedures.
- Deposit Euros: Fund your account using domestic bank transfers, credit/debit cards, or digital wallets.
- Buy Crypto: Select the desired cryptocurrency and quantity, then confirm the purchase.
- Secure Your Assets: Transfer your digital currencies to a secure crypto wallet to enhance security.
Legality and Regulation of Crypto Investing in Spain
While Spain has yet to draft comprehensive cryptocurrency legislation, crypto assets are legal and regulated in the country. Exchanges must comply with anti-money laundering procedures and users are required to pay taxes on crypto gains.
Is Crypto legal in Spain?
Yes, cryptocurrency transactions and trading are legal in Spain. Crypto assets are treated as commodities and subject to existing civil and commercial regulations. Exchanges must register with the Bank of Spain and follow AML guidelines.
How is Crypto taxed in Spain?
Profits from cryptocurrency trading and investments are subject to capital gains taxes in Spain. Tax rates vary based on the individual’s income bracket and the specific type of crypto activity. Rates can range from 19% to 26%. Crypto transactions exceeding €1,000 must be reported even if no profit was realized.
Conclusion
Spain’s crypto landscape is flourishing with top global exchanges like Binance and Kraken operating with regulatory approval. For Spanish residents looking to trade digital assets safely and legally, the five best crypto exchanges we’ve highlighted – Binance, Kraken, KuCoin, Coinbase, and Bybit – offer distinct strengths in terms of fees, coin selection, security, and beginner-friendliness. By assessing your individual needs and comparing the key metrics, you can select a reliable platform to start your crypto journey.
FAQs
Which is the safest crypto exchange in Spain?
Kraken and Coinbase are widely regarded as two of the safest crypto exchanges operating in Spain. Both platforms place a strong emphasis on security, employing measures such as cold storage, two-factor authentication, and regular security audits..
How can I buy Bitcoin in Spain?
To buy Bitcoin in Spain, first sign up for a reputable exchange like Binance, Kraken, or Coinbase that supports Euro deposits. Complete the necessary identity verification steps, then fund your account via bank transfer, credit/debit card, or other supported payment methods. Navigate to the BTC/EUR trading pair, enter the amount you wish to purchase, and confirm the transaction. For added security, transfer your Bitcoin to a personal wallet.
Do Spanish crypto exchanges require identity verification?
Yes, most crypto exchanges operating in Spain are required to follow Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. This means users must submit proof of identity and address to trade on these platforms.
